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- FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified and prevented fraudulent activity” during tests, without being more specific.
- ACI Worldwide Inc. said data show the volume of instant payments in the European Union is expected to increase from 7.6 billion transactions in 2023 to 21.2 billion by 2028. ACI commissioned the Centre for Economics and Business Research to complete the report.
- Checkout provider Bolt said it will become Checkout.com’s exclusive one-click checkout provider and Checkout.com will become Bolt’s preferred payment partner.
- The payments platform RevoluGroup Canada Inc. announced it will work with eSignus, a provider of blockchain technology, to offer transactions backed by digital assets for bill payments and other applications.
- Tuvoli, a checkout and payments provider for purchases in the private-aviation market, said it can provide quotes along with payments acceptance for private charters through an integration with MySky Quote, a service from technology firm MySky.
- In an update issued early Monday, China UnionPay said it has issued more than 230 million cards outside the Chinese mainland and grown its acceptance network to 183 countries and regions.
- BlueSnap Inc. announced Henry Helgeson, former founder and chief executive of Cayan, has been appointed chief executive of the payments platform. Total System Services Inc. acquired Cayan in 2018 for $1.05 billion. Then, in 2019, Global Payments Inc. acquired TSYS for $21.5 billion.
- PSQ Holdings Inc. appointed Brian Billingsley president of PSQ Payments, a newly formed unit aimed at creating a payments platform for PSQ’s Public Square online marketplace. Billingsley co-founded Basis Theory, an online vault for payments data, and before that was responsible for launching Klarna AB’s payments service in the U.S. market.
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